The percent change in the nominal GDP is given as:
A) percent change in the price level + percent change in real GDP
B) percent change in the price level - percent change in real GDP
C) percent change in the price level $\times$ percent change in real GDP
D) percent change in the price level ÷ percent change in real GDP
E) price level $\times$ percent change in real GDP

Question

Quizplus · Accepted Answer

The percent change in nominal GDP is the sum of the percent change in the price level (inflation) and the percent change in real GDP.

The Percent Change in the Nominal GDP Is Given As ×\times×

The Percent Change in the Nominal GDP Is Given As $\times$